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Stock impact report

Critical Illness Insurance Global Market Report 2024 - Innovations from Leading Companies Fueling Market Growth

Huize Holding Limited - American Depositary Shares (HUIZ) 
Company Research Source: PR Newswire
DUBLIN, Feb. 12, 2024 /PRNewswire/ -- The "Critical Illness Insurance Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.As economies worldwide grapple with an increasing burden of healthcare costs, the critical illness insurance market is witnessing an unprecedented surge, particularly in North America and Asia-Pacific regions.The report reveals that the market has grown from $249.05 billion in 2023 to an anticipated $286.98 billion in 2024, equating to a vigorous compound annual growth rate (CAGR) of 15.2%. This growth trajectory is set to continue, with projections reaching $451.59 billion by 2028, at a CAGR of 12%. Key Drivers of Market ExpansionThe analysis identifies several factors contributing to the growth of critical illness insurance, including the rising costs of healthcare, advancements in medical technology, a broader understanding of critical illness risks, and the evolving provision of employment-based benefits. Additionally, the inclusion o Show less Read more
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